ANZ Business confidence and Activity Outlook for October

Confidence, 10.5

  • prior was -18.9

Activity Outlook, 23.7

  • prior was 16.7

Comments from ANZ on the release:

  • Business confidence got airborne in October, surging back into positive territory
  • Other key indicators from our Business Outlook also rose.
  • It's hard to go past rebounding dairy prices as the catalyst but we believe there's a broader story
  • Composite indicator flags reasonable growth over year ahead, pricing intentions remain listless: ANZ

More to come

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The NZD is a little higher after the good bounce in both of these measures

(The NZD was a little higher as we approached the release but I won't mention that)